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DF Deutsche Forfait AG
Earnings Release • Dec 22, 2016
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Earnings Release
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Corporate | 22 December 2016 13:05
DF Deutsche Forfait AG publishes figures for Q1 of the short financial year
DGAP-News: DF Deutsche Forfait AG / Key word(s): Quarterly / Interim Statement
22.12.2016 / 13:05
The issuer is solely responsible for the content of this announcement.
DF Deutsche Forfait AG publishes figures for Q1 of the short financial year
- Group financials for the period from 2 July to 30 September 2016 within the planned range
Cologne, 22 December 2016 – In the first quarter of the current short financial year, DF Deutsche Forfait AG (ISIN: DE000A2AA204) posted a business volume of EUR 2.0 million (previous year: EUR 13.5 million) and a planned consolidated net loss of EUR 1.0 million (previous year: EUR -18.4 million), which is in line with the forecast published in the last Annual Report. DF Group primarily used the reporting period – after the termination of the insolvency proceedings – to optimize its compliance and risk management system for the resumption of business.
The consolidated gross result before financial results amounted to approx. EUR 0.8 million (previous year: EUR -14.4 million). Administrative expenses declined sharply to EUR 1.8 million (previous year: EUR 3.7 million). At EUR 11.7 million, DF Group’s equity capital was positive as at the interim reporting date of 30 September 2016 (1 July 2016: EUR 12.7 million).
Because of the insolvency proceedings terminated on 1 July 2016, the year 2016 consists of two short financial years for DF Group. “Short financial year 2016 I” covers the period from 1 January 2016 to 1 July 2016 (termination of the insolvency proceedings), while the “short financial year 2016 II” runs from 2 July to 31 December 2016.
The quarterly statement for the period from 2 July to 30 September 2016 of DF Deutsche Forfait AG is available on the company’s website in the Investor Relations section.
About DF Deutsche Forfait Group
DF Group specializes in foreign trade finance and related services for exporters, importers and other financial service providers, with a focus on emerging markets. Within this market segment, the main focus is on financing foreign trade with Middle East countries.
DF Deutsche Forfait Group
Investor Relations
Karolin Bistrovic
Kattenbug 18 – 24
50667 Cologne
T +49 221 97376-61
F +49 221 97376-60
http://www.dfag.de/en/
22.12.2016 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | DF Deutsche Forfait AG |
| Hirtenweg 14 | |
| 82031 Grünwald | |
| Germany | |
| Phone: | +49 89 21551900-0 |
| Fax: | +49 89 21551900-9 |
| E-mail: | [email protected] |
| Internet: | www.dfag.de |
| ISIN: | DE000A2AA204, DE000A1R1CC4, |
| WKN: | A2AA20, A1R1CC |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |